Agouti is back. I'm back.

in #crypto3 years ago

Hello everyone.
Person in Venezuela, we helped with Agouti donations, died on the beginning of pandemic. Cause of dead officially COV-19, in reality lack of immunity caused by malnutrition. His life was not wasted. To the very end he helped local children and adults to survive in these difficult times.
My dear friend , who put us in touch is rotting in prison for nearly year now.
This situation has shattered any desire, I had, to continue with this project.
Life in Venezuela is not easy. Government, wrong, I'm sorry, Dictatorship destroyed national economy. Inflation since beginning of 2018 is 11802834830.4% . Yes 11,802,834,830 percent in just over 4 years. (source:https://www.worlddata.info/america/venezuela/inflation-rates.php)
3 years gone since I started Agouti project. Two of them were completely wasted.
The time has come to get up off our knees and continue the Agouti project.
I believe that, despite the first fiasco, we can still stand up and help the people of the world.
Agouti aged but not matured. I made many mistakes building that blockchain. That's why I'm preparing swap to new blockchain.
First of all, Agouti is a Proof of Stake blockchain, which is very unfair to those with little or no coins. In the PoS blockchain, holders of large quantities of coins have higher profits from staking. It was never fair. Everyone should have equal chance to earn those coins. Proof of Work fixing that. Bitcoin is Proof of Work for exactly the same reason.
In 2 weeks time I will start new PoW Agouti blockchain. Soon after that I will open manual swap on our Discord channel https://discord.gg/yGCMwgz . Coins located on CREX24 exchange will be swapped automatically 2 months later. Until then, New Agouti coins will NOT be allowed to be traded. It will be holder personal choice, when and where to swap his/her coins.
Any attempt to transfer the old AGU to the new wallet will result in loss of coins.
Swap ratio will be 10 to 1. For every 10 old coins holder will receive ONE new Agouti.
Every masternode holder after verification will receive extra 2700 NEW Agouti coins to be able to build masternode on the new chain. This is my "thank you" for staying with Agouti. Periodically over last year I recorded six times list of all Agouti masternodes. Only those masternode holders can apply for 2700 of new AGU.

Agouti specification:
Proof: Proof of Work
Algorithm: RandomX, mineable on most personal computers.
Block time: 10 minutes per block
Block reward: 1 AGU, 50% for miner, 50% for masternode holder. Not decreasing.
Superblock: once every month, 4383 blocks, up to 876.6 AGU will be distributed to budget proposal winners.
Max supply: 3 000 000 AGU
Masternode collateral: 3 000 AGU
Coin address starts with "A" (old agouti address starts with "a")

Premine of 500 000 AGU will cover the swap.
Coin remaining after the swap is finished will be officially burned.
Every masternode holder has one vote per masternode to be used on budget proposal. Please , use it wisely.
Every masternode holder , who will not vote on proposals will be punished for his/her laziness and will have his/her masternode reward reduced (details to follow).

I hope you all will stay with me and Agouti, and we will continue to help those in need.
These needs are growing, and those who profit from them are also growing. Agouti is and always will be a non-profit organisation with transparent finances and no millionaire CEO. No CEO at all.

I hope, I have explained everything in as much detail as possible.
If you wish to ask a question, I will be available on all Agouti media channels.
All the best.
Rotten

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Coin remaining after the swap is finished will be officially burned.

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